The modern Keynesian Model assumes that A. that prices fully respond to changes in aggregate demand so the economy is always at full employment. B. that prices are sticky upward. C. that prices respond to changes in aggregate demand but not fully. D. that the economy only responds via outpu

Kinc. has provided the following data for the month of may: inventories: beginning ending work in process $ 17,000 $ 12,000 finished goods $ 46,000 $ 50,000 additional information: direct materials $ 57,000 direct labor cost $ 87,000 manufacturing overhead cost incurred $ 63,000 manufacturing overhead cost applied to work in process $ 61,000 any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold. the adjusted cost of goods sold that appears on the income statement for may is: